Analyst Jason Bazinet of Citi maintained a Buy rating on Live Nation Entertainment, boosting the price target to $195.00.
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Jason Bazinet has given his Buy rating due to a combination of factors that suggest a positive outlook for Live Nation Entertainment. One key reason is the company’s strategic investments in Venue Nation, which are expected to drive adjusted operating income (AOI) above market expectations by 2026 and 2027. The company’s management is targeting significant returns on these investments, which should enhance financial performance.
Furthermore, the potential acquisition of Liberty Live Nation presents additional upside. Liberty Live is currently trading at a discount to its net asset value, and if Live Nation were to acquire it, this could positively impact Live Nation’s equity value. Consequently, Bazinet has raised the target price for Live Nation’s stock from $165 to $195, reinforcing his optimistic stance and maintaining a Buy rating.